(Reuters) – Dell Inc is close to a deal to combine shares that track its VMware Inc virtualization-software unit in an effort that would result in a public listing for the personal computer and data storage company, the Wall Street Journal said on Sunday.
Citing people familiar with the matter, the newspaper said Dell has been conducting a strategic review for months and plans to announce the deal as early as Monday.
Other options Dell considered included a combination with VMware or an initial public offering, it said.
DVMT has a market capitalization of $17 billion, while that of VMware is about $60 billion after their stock prices increased this year on the possibility of a deal, according to the paper.
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